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Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2022 and an increase of 43.5% year on year.
Earnings for Bulkers have strengthened since the start of the traditionally stronger Q4. Larger Bulkers have seen the most dramatic increased with Panamax earnings up by c. 18.54% from the start of October to 16,386 USD/Day.
More than half of the coal is coming from Indonesia, representing 56% of coal imports to India this year alone. Although the iron ore trade to China has traditionally been the cornerstone of the Bulker market, particularly for Capes, it seems that coal imports to India are providing increasing support to the market.
Coal is dominating Bulker demand to India, accounting for 90% of Capesize trades this year, 76% of Panamax trades, 49% of Supramax trades and 1% for Handysizes.
In their latest quarterly forecast, VesselsValue, a Veson Nautical solution, the potential for imports to increase further in coming years. The Indian economy is growing at around 6.5% per year and as a result this will increase their demand for energy both for power, with coal accounting for around three quarters of their energy consumption and also for growing industrial activity.
As India is highly reliant on coal, standing for ¾ of their energy consumption, VesselsValue predicts that Indian coal imports are expected to increase by 12% per annum between 2023-2025.
Source: VesselsValue, Veson Nautical
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Monday, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it ex ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
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- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Planning Commission, India
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
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